Posts Tagged ‘PHO trading’

Photon (PHO) is a new alternative cryptocurrency using the Blake 256 Algorithm that is used for BlakeCoin (BLC). It is a new project designed to function well now and with future technology in mind. Photon is the second coin to use this unique design (modeled after Blake Coin) and may be merge mined in a pool with Blake Coin or other Blake 256 coins in the future. Currently almost every concurrency that exists cannot be merge mined in the same way Namecoin and others are with Bitcoin. Photon can be mined with the same modified miner for BlakeCoin GPU Miner that supports the Blake-256 algorithm.

Coins developers are working against each other instead of together right now. Photon is an attempt to change that. If you are digging in a mine for gold you would not leave silver, tin or other things of value around you would take them all. This is why Photon was created with the fast, light Blake 256 algorithm. This is the future. Scrypt coins cannot be merge mined. Most SHA 256 D coins cannot be either.

The Blake-256 algorithm hash rate is just under 3x faster on the GPU and just over 2x on the FPGA compared with Bitcoin. The reward for mining Photon does Not decrease over time, instead it increases with block height and difficulty. There are no restrictions on any platform as Photon does not include artificial *Security* or *Resistance* that reduce mining hash rate and power efficiency. The Photon network hashrate is currently over 200 GHS and continues to grow, so there is a interest from users apparently even though there aren’t big pools or exchanges for PHO yet.

This is a blog for crypto currency miners and users of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), ZCash (ZEC) and many others.
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